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Showing 1061 - 1070 of 3401 results for "Revenue"

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... before they extracted one last golden egg out of the goose," Yazbeck said. "Vested interests trumped clients' interests. Revenue streams were protected. Planners were the 'pawns', the 'sacrificial lambs' in product providers' pursuits to maintain and ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... review will only leave IFM Investors in the clear. The industry-fund-owned manager invoked its international clientele and revenue streams to ask why other fund managers had not been asked to appear before the committee. "IFM is the only wholesale [sic] ...

Charities call for further stimulus

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... severely impacted when JobKeeper, and lease and loan deferrals come to an end in October. Modelling a 20% reduction in revenue, the report found that 88% of the country's charities would immediately be making an operating loss, while 17% would be at ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... about 100 advisers with $3 billion in funds under advice and total in-force insurance premiums of $65 million. Total gross revenue is about $34 million, according to Clime filings. Under the deal, Madison chief executive Annick Donat will join the Clime ...

UniSuper stares down job crisis

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... protections framework agreement because the impact of the pandemic may mean some staff have to go. Deakin's operating revenue is estimated to fall by between $250 and $300 million in 2021. "We spend 55% of our total revenue on staff," Martin said. ...

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... accounts to SEQ's execution and clearing business Morrison Securities and about $1 billion in funds under advice. In revenue terms, it translates to an additional $4 million of gross revenue and EBITDA of 400,000 in FY21, SEQ estimates. Sequoia will ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... quarter. The life insurance industry had $185.3 billion in total assets at March end after falling 20.1% in 12 months. The revenue drop in the year was much bigger than the reduction in total assets, going from $36.7 billion at March 2019 to $19.5 billion ...

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... the subject of a public enquiry, with the aim of breathing new life into such schemes. The Standing Committee on Tax and Revenue will inquire into and report on the tax treatment of employee share schemes, to understand whether a more favourable tax ...

Equities attractive in search for yield: Zenith

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
... whilst Woolworths, with toilet paper selling like hotcakes (and other grocery items in high demand), should experience revenue growth," it said. " Despite a lower expected dividend yield for Australian equities in the near term, we believe it is important ...

Kyckr to raise $10m, rich lister on board

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... customer and business verification will continue to rapidly grow as we have experienced with our contract growth and record revenue in the last few months," Kyckr chief executive Ian Henderson said. "Our strategy is focused on building our enterprise ...